Conch Cement: The demand for cement has declined in the past two years, and the overall performance of the plate is weak

2023-06-18 14:42:00

Recently, Conch Cement answered questions of concern to investors on the investor relations platform.

Recently, Conch Cement answered questions of concern to investors on the investor relations platform.

Investors: Is Conch Group Trade Union Committee Co., Ltd. actually controlled by Anhui SASAC or Conch Group or Conch Venture? Are the employees of Conch Group Trade Union Committee also the employees of Conch Cement? Do the directors of Conch Venture, such as Ji Qinying and Guo Jingbin, work in Conch Group or Conch Cement? If yes, what is the position? Does Conch Cement implement equity incentive? If so, where does the equity come from?

Conch Cement Secretary Dong: Thank you for your attention to Conch Cement! Mr. Guo Jingbin and Mr. Ji Qinying, directors of Conch Venture, are currently directors of Conch Group, the controlling shareholder of the Company, and do not hold any position in the Company. Subsequent companies will fulfill their disclosure obligations in a timely manner if they have equity incentive plans.

Investor: Hello, Secretary Dong, your company's share price has fallen for a long time, and the dividend is not as good as in previous years. Does the company's management consider buying back the company's shares? Thank you

, Conch Cement Secretary Dong: Thank you for your attention to Conch Cement! Influenced by macro factors, the demand for cement has declined in the past two years, and the overall performance of the plate is weak. In 2022, affected by the downturn of the market, the benefits declined, but the company fully listened to the opinions of shareholders, and the dividend ratio increased to 50%, an increase of 12 percentage points over the previous year. The Company will continue to focus on production and operation, implement precise and effective investment, strengthen innovation drive, promote low-carbon green cycle development, improve the quality of operation and investment value of the Company, and continue to create value for the majority of shareholders. If the Company has a share repurchase plan in the future, it will fulfill its disclosure obligations in a timely manner.

Investor: What is the relationship between Conch Venture and the company?

Conch Cement Secretary Dong: Thank you for your attention to Conch Cement! Conch Venture holds 49% shares of Conch Group, the controlling shareholder of the Company.

Investors: The dividend date has not been set?

Conch Cement Secretary Dong: Thank you for your attention to Conch Cement! The record date of the Company's annual equity distribution of a shares in 2022 is June 19, and the cash dividend payment date is June 20. For details of dividend distribution, please refer to the announcement on the implementation of the 2022 annual equity distribution disclosed by the Company on the Shanghai Stock Exchange on 13 June.

Investors: The general meeting of shareholders of the company has passed the latest version of the rules of procedure of the board of directors and the articles of association of the company, granting the board of directors the right to decide on foreign investment. Does the company plan to buy coal shares to hedge the cost of coal? If so, I suggest buying China Shenhua H shares, because H shares are cheaper and bigger than a shares. If there are other foreign investments, I recommend buying Conch Venture, because the current share price is cheap enough and it also holds about 18% of your company's shares.

Conch Cement Secretary Dong: Thank you for your attention to Conch Cement! The company has no such investment plan for the time being. The first quarterly report

of Conch Cement 2023 shows that the company's main business income is 31.368 billion yuan, up 23.18% year-on-year; the net profit attributable to the parent company is 2.551 billion yuan, down 48.2% year-on-year; the net profit deducted from non-profits is 2.155 billion yuan, down 52.87% year-on-year; The debt ratio is 18.5%, the investment income is 89.1064 million yuan, the financial cost is -283 million yuan, and the gross profit rate is 16.5%. On July 6-7,

2023, China Cement Network will hold the " 2023 China Cement Energy Conservation and New Energy Development Conference " in Chongqing, starting from energy-saving transformation, photovoltaic, energy storage and other technology applications, green power, alternative fuels to replace tradi tional energy transformation, and so on. Explore new ways of energy saving and consumption reduction in cement industry.

After the meeting, Dongfang Hope will visit the energy-saving demonstration line of "Grade 5 to Grade 6" of Chongqing cement preheater and the energy-saving project of steam driven fan.


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Recently, Conch Cement answered questions of concern to investors on the investor relations platform.

2023-06-18 14:42:00